US investors still directed substantial capital into during 2025. Net inflows across US digital asset funds reached more than $31.77 billion for the year. Spot Bitcoin ETFs led with about $21.4 billion in net inflows, while Ether ETFs also drew steady capital.
Even so, the 2025 pace cooled compared with 2024. Spot Bitcoin ETFs collected about $35.2 billion in net inflows during 2024. Additionally, industry executives pointed to year-end tax strategies as a possible driver of flow swings.
Tonso’s chief marketing officer, Wal, said institutions reduced Bitcoin exposure in Q4 for tax-loss harvesting. He said some buyers returned in the new year.
The 2026 inflows added a fresh data point for January. Investors now watch risk appetite and tax-driven rebalancing. They also track how crypto funds shape portfolio exposure.